SWELECTES
OVERVALUEDSwelect Energy Systems Limited
Oil & Gas · NSE
↓ 71.3% vs fair value
52W Low
₹483
+11.0% from low
52W High
₹977
-45.1% from high
Valuation Gauge
Current Price
₹536
Fair Value
₹313
Fair Value Analysis
₹313
Based on free cash flow projections and balance sheet strength analysis and earnings multiple (EV/EBITDA) for Oil & Gas sector companies | Sector-cheap: P/E at 39th percentile vs sector peers. | CAUTION: ROCE declining (latest 6.5%) — returns on capital are falling; verify this isn't a value trap. | Growth capped at 7.1% (ROE 6.2%×1.15) — historical CAGR exceeds sustainable rate or COVID period unverifiable. | COVID-resilient: PAT dropped from ₹7Cr (FY2019) to ₹-10Cr (FY2020) during COVID but has fully recovered.
Cash Flow Analysis
40% weight
Balance Sheet Value
20% weight
EV/EBITDA Multiple
40% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Mixed Signals
Profitability
ROE of 6.2% is acceptable for Oil & Gas sector (benchmark: 10%)
Debt & Leverage
D/E ratio of 0.7x is well within the Oil & Gas sector norm of 1.5x — strong balance sheet
Valuation vs Peers
P/E of 15.0x is 1.8x the Oil & Gas sector median of 8x — expensive
Cash Flow
Negative FCF of ₹-7 Cr — company is consuming more cash than it generates
Earnings Growth
5yr EPS CAGR of -27.0% — severe earnings decline
Dividend
Dividend yield of 0.6% is symbolic — low but positive
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
2.0%
Free cash flow / market cap
Revenue Growth (YoY)
+51.7%
Year-on-year revenue change
Profit Growth (YoY)
-190.0%
Year-on-year PAT change
Operating Cash Flow
₹130 Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹35.5
P/E Ratio
15x
P/B Ratio
0.9x
ROE
6.2%
ROCE
7.8%
Debt / Equity
0.73x
Beta
0.48
Div Yield
0.6%
FCF (Cr)
₹-7 Cr
Revenue (Cr)
₹614 Cr
EPS Growth 5Y
-27%
Mkt Cap (Cr)
₹837 Cr
52W High
₹977
52W Low
₹483.1
Book Value/Share
₹573.1
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| TTM | ₹674 Cr | ₹145 Cr | 21.0% | ₹55 Cr | ₹35.51 |
| 2025-03-31 | ₹622 Cr | ₹97 Cr | 16.0% | ₹14 Cr | ₹8.31 |
| 2024-03-31 | ₹243 Cr | ₹84 Cr | 35.0% | ₹63 Cr | ₹40.88 |
| 2023-03-31 | ₹246 Cr | ₹62 Cr | 25.0% | ₹6 Cr | ₹3.65 |
| 2022-03-31 | ₹354 Cr | ₹81 Cr | 23.0% | ₹32 Cr | ₹21.37 |
| 2021-03-31 | ₹253 Cr | ₹51 Cr | 20.0% | ₹26 Cr | ₹17.20 |
| 2020-03-31 | ₹252 Cr | ₹36 Cr | 14.0% | ₹-10 Cr | ₹-6.71 |
| 2019-03-31 | ₹228 Cr | ₹25 Cr | 11.0% | ₹7 Cr | ₹4.49 |
| 2018-03-31 | ₹294 Cr | ₹34 Cr | 11.0% | ₹16 Cr | ₹10.45 |
| 2017-03-31 | ₹241 Cr | ₹24 Cr | 10.0% | ₹22 Cr | ₹14.23 |
| 2016-03-31 | ₹276 Cr | ₹23 Cr | 8.0% | ₹17 Cr | ₹10.89 |
| 2015-03-31 | ₹222 Cr | ₹8 Cr | 3.0% | ₹0 Cr | ₹-0.25 |
| 2014-03-31 | ₹176 Cr | ₹6 Cr | 4.0% | ₹17 Cr | ₹10.64 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
Oil & Gas| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
Gulf Oil Lubricants India Limited | ₹891 | ₹1,626.9 | +45.2% | 12.7 | 21.1% | UNDERVALUED |
GP Petroleums Limited | ₹28.7 | ₹44.1 | +35.0% | 5.4 | 7.4% | UNDERVALUED |
Magadh Sugar & Energy Limited | ₹493 | ₹640.5 | +23.0% | 8 | 13.9% | UNDERVALUED |
Oil and Natural Gas Corporation | ₹281.4 | ₹330.7 | +14.9% | 9.5 | 12.2% | FAIRLY_VALUED |
Avadh Sugar & Energy Limited | ₹499 | ₹534.5 | +6.6% | 12.8 | 8.0% | FAIRLY_VALUED |
GAIL India | ₹143.4 | ₹146.9 | +2.3% | 10.9 | 9.8% | FAIRLY_VALUED |
Hindustan Petroleum Corporation Limited | ₹328.9 | ₹333.1 | +1.3% | 4.5 | 12.3% | FAIRLY_VALUED |
Mahanagar Gas | ₹966.6 | ₹849.5 | -13.8% | 9.9 | 17.0% | FAIRLY_VALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Community Pulse
Company Documents
Annual reports, concall transcripts & regulatory filings
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